Green Plains Renewable Energy Inc. (NASDAQ:GPRE) rose 1.4% on Tuesday . The stock traded as high as $22.81 and last traded at $22.72, with a volume of 368,718 shares. The stock had previously closed at $22.41.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Green Plains Renewable Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Thursday, July 14th. Jefferies Group reissued a “buy” rating on shares of Green Plains Renewable Energy in a report on Tuesday, May 3rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.89.

The company’s market cap is $845.82 million. The stock has a 50 day moving average of $19.81 and a 200-day moving average of $17.28.

Green Plains Renewable Energy (NASDAQ:GPRE) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.63) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by $0.32. The firm earned $749.20 million during the quarter, compared to the consensus estimate of $751.28 million. Analysts expect that Green Plains Renewable Energy Inc. will post ($0.14) earnings per share for the current year.

In other Green Plains Renewable Energy news, Director Wayne Hoovestol bought 6,500 shares of the stock in a transaction dated Tuesday, May 10th. The stock was bought at an average cost of $14.94 per share, for a total transaction of $97,110.00. Following the completion of the purchase, the director now owns 125,807 shares in the company, valued at approximately $1,879,556.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Walter S. Cronin sold 3,701 shares of the firm’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $18.92, for a total value of $70,022.92. Following the completion of the sale, the executive vice president now owns 47,273 shares of the company’s stock, valued at $894,405.16. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in GPRE. Morgan Stanley raised its stake in shares of Green Plains Renewable Energy by 53.5% in the fourth quarter. Morgan Stanley now owns 1,343,311 shares of the company’s stock worth $30,761,000 after buying an additional 468,317 shares during the period. Marshall Wace LLP acquired a new stake in shares of Green Plains Renewable Energy during the fourth quarter worth $6,173,000. First Trust Advisors LP raised its stake in shares of Green Plains Renewable Energy by 7.0% in the fourth quarter. First Trust Advisors LP now owns 164,058 shares of the company’s stock worth $3,757,000 after buying an additional 10,745 shares during the period. Comerica Bank raised its stake in shares of Green Plains Renewable Energy by 6.8% in the fourth quarter. Comerica Bank now owns 136,097 shares of the company’s stock worth $2,522,000 after buying an additional 8,701 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of Green Plains Renewable Energy by 4.9% in the fourth quarter. GSA Capital Partners LLP now owns 52,672 shares of the company’s stock worth $1,206,000 after buying an additional 2,438 shares during the period.

Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.

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